KB Home (NYSE:KBH) Earns Market Outperform Rating from Analysts at Citizens Jmp

Equities research analysts at Citizens Jmp assumed coverage on shares of KB Home (NYSE:KBH) in a report issued on Tuesday,Benzinga reports. The brokerage set a “market outperform” rating and a $77.00 price target on the construction company’s stock. Citizens Jmp’s price target would indicate a potential upside of 44.73% from the company’s current price.

KBH has been the subject of several other reports. Keefe, Bruyette & Woods lowered their target price on KB Home from $67.00 to $62.00 and set a “market perform” rating for the company in a research note on Tuesday, December 23rd. Bank of America dropped their price objective on KB Home from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of KB Home in a research note on Thursday, January 22nd. Royal Bank Of Canada reduced their price objective on shares of KB Home from $59.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Friday, December 19th. Finally, Wells Fargo & Company dropped their target price on shares of KB Home from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, December 19th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $64.00.

KB Home Stock Performance

Shares of KB Home stock opened at $53.20 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.77 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $59.93 and a 200 day simple moving average of $61.17. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $68.71. The firm has a market cap of $3.36 billion, a P/E ratio of 10.84, a P/E/G ratio of 6.80 and a beta of 1.47.

Institutional Trading of KB Home

Large investors have recently added to or reduced their stakes in the company. First Horizon Corp increased its stake in shares of KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after purchasing an additional 322 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in KB Home by 73.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after buying an additional 250 shares during the period. Fulcrum Asset Management LLP bought a new position in shares of KB Home during the 3rd quarter worth approximately $36,000. Jones Financial Companies Lllp increased its holdings in shares of KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after acquiring an additional 240 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in KB Home in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.